That’s easy; cut it all off; I’d rather the ability to pay a bill off than know me and my children+ will be slaves if it continues.
And, no, I don’t believe it’s an outstanding debt, left pocket owing the right. Everyone was swindled, you get nothing.
But, you want to pay it off, give the States back their land, sell off the Fed property still outstanding (won’t need much when those alphabet agencies are gone) and allow the free market pay off the rest (taxes in that boom would surely take a few years to pay off the debt).
Conservatism cedes to Constitutionalism. You don’t wind down what never should have begun, you chop the bastard’s head off instead. How many more generations of ‘the poor’ should we ween off the gov’t teat? None, you stop throwing good $ after bad ASAP.
Ok. So you're in the Bernanke camp: inflate the debt away into oblivion. No thanks.